Tag Archives: Options Trading

Here is another getting started with options trading series.
The Zecco Trading platform has produced these videos that explain options trading.
Zecco Trading Platform
Part one of the Zecco Zirens series.
Call Options Education w/ the Zecco Zirens
Of course, they could have used an old guy like me, but I bet they get more viewers this way.
Happy Trading!
William

I found a nice blog and some training videos on learning to trade options. Some of our clients are new to options trading, so I thought I would post these small lessons. Steve W has a nice blog and some short videos to get you started.
A nice blog called Options Trading Tutorial
Steve has a three part program on YouTube:
Part three of three:
Understanding Leverage Options Trading Tutorial
Happy Trading!
William

I found a nice blog and some training videos on learning to trade options. Some of our clients are new to options trading, so I thought I would post these small lessons. Steve W has a nice blog and some short videos to get you started.
A nice blog called Options Trading Tutorial
Steve has a three part program on YouTube:
Part two of three:
Put Options Trading Tutorial
Happy Trading!
William

I found a nice blog and some training videos on learning to trade options. Some of our clients are new to options trading, so I thought I would post these small lessons. Steve W has a nice blog and some short videos to get you started.
A nice blog called Options Trading Tutorial
Steve has a three part program on YouTube:
Part one of three:
Call Options Trading Tutorial
Happy Trading!
William

Van Tharp’s new book “Trading Beyond the Matrix, the Red Pill for Traders and Investors”, now on Amazon.
Trading Beyond the Matrix The Red Pill for Traders and Investors By Van K. Tharp, Ph.D.
In the sci-fi movie classic, The Matrix, the hero Neo was given a choice: take the red pill and see the world as it truly is, or take the blue pill and wake up in his bed believing whatever he wants to believe. Of course, Neo takes the red pill, and the adventure begins. Now, what if there was a real Matrix and a real red pill?
The newest book from trading coach Van K. Tharp, Trading Beyond the Matrix: The Red Pill for Traders and Investors (Wiley; $40.00; March 2013, 978-1-118-52566-1), is the reader’s red pill and will lead them on a journey to dramatically improve their trading results and financial life by shining a light on the engrained ideas, beliefs, and perceptions that influence every one of their trading decisions that may keep them from the success they deserve.
In Trading Beyond the Matrix, Tharp takes the reader by the hand through the steps of self-transformation, from incorporating “Tharp Think”—ideas drawn from his modeling work with great traders—making changes in yourself so that you can adopt the beliefs and attitudes necessary to win when you stop making mistakes and avoid methods that don’t work. The book also offers:
• Three different levels of transformation to improve as a trader and to become a happier person.
• Real success stories of people who have changed their trading significantly as a result of adopting these concepts.
• Learning how to meet your objectives.
• Statistical methods for understanding the market.
• How to determine if your beliefs (programs) are useful or not.
• Two different methods of dealing with internal conflict.
• Nine steps to master yourself.
• And much more!
Helping others become the best trader or investor they can be has been Van K. Tharp’s mission since 1982. Dr. Tharp offers unique learning strategies, and his trading education techniques for producing great traders are some of the most effective in the field. In the unique arena of professional trading coaches and consultants, Tharp is an internationally recognized expert. More than just another collection of “sure-fire” trading strategies and techniques, Trading Beyond the Matrix takes the reader on a journey of self-discovery, during which they will come to understand who they really are, how their personal psychology affects your every decision, and what, with Dr. Tharp’s guidance, they can become: whatever they desire… even a Super Trader.
Visit http://matrix.vantharp.com to download the mini-book and see the special offers.
About the Author:
VAN K. THARP, PhD, is President of the Van Tharp Institute, where he uses a combination of skills and education to fine-tune his strategies to coach, consult, and teach traders and investors. Dr. Tharp is the author of five acclaimed books: Super Trader, Trade Your Way to Financial Freedom, the New York Times bestseller Safe Strategies for Financial Freedom, The Definitive Guide to Position Sizing™ Strategies, and Financial Freedom Through Electronic Day Trading. He received his PhD in psychology from the University of Oklahoma Health Science Center in 1975. He is a Master Practitioner of Neuro- Linguistic Programming (NLP), a Master Time Line Therapist, a Modeler of NLP, and an Assistant Trainer of NLP. He has used his expertise in NLP to create a number of trading and investing models for generating consistent profitability. Tharp has been featured in Forbes, Barron’s, Technical Analysis of Stocks and Commodities, Investor’s Business Daily, Futures and Options World, and Trader’s Journal. He has given talks and workshops in over 25 different countries.

We are running late this month. We normally push out an update by the 21st of each month. This month, we are finishing two projects.
First is the changes Microsoft has made to the way software behaves. They made a change to Windows 8 and we are modifying our software to ensure you get a smooth installation. This was based on two new users finding permission issues when they installed a new copy of Roo-Trader.
Second, we pushed our multi-language version of Roo-Trader back a month. The reason we pushed it back a month was to ensure Windows 8 compatibility. We should roll out our new version in March.
Thank you for trying our software and staying with us over the years!
Happy Trading!
William and the Roo-Trader team.

When entering a trade, you need to plan on your exit strategy. This article on Investors.Com page has a sample list of reasons to sell a stock or option.
Don’t Wing It; Follow The Rules When You Sell
An article by Vincent Mao has his tips on the Investor’s Corner of Investors.com.
To highlight a few of them:
• Cut losses at no more than 8%.
• Lock in gains when they amount to 20% to 25%.
• Don’t let a big gain turn into a loss.
• Closing below the 10-week moving average in significant volume. Consider selling if a stock closes the week Sell when stock ends below its 10-week line in volume that’s at least 40% above average.
For the whole article and the rest of their tips, go to the link above.
Remember to plan ahead to preserve your capital!
Happy Trading!
William

After two years of work, we have finally released version 6 of our software.
First designed in 2003, we have been upgrading and modifying the software based on your feedback ever since the initial release.
Now you can pull down Roo-Trader version 6 from this location:
Software Download Page
The software provides an initial thirty (30) free trail.
To get started, go to Help – Getting Started and complete the four steps to set up your profile.
We are now working on the web sites, the migration wizard for our older users and the suggestions we receive form our users. Please bear with us as we get everything shifted to our new back end operations.
As always, please let us know your thoughts and suggestions. We are working hard to ensure you have a tool that you can use to measure and improve your trading success!
Happy Trading!
The Roo-Trader Team
www.roo-trader.com
www.otrader.com.au

What a long and winding road this has been. After two years of work, the development team put out RC1 on Friday. The beta testers have pulled it down and are again making suggestions to us.
Although, we are hearing less and less from them as their issues have been addressed. We still need your input to keep doing our updates for you. Suggestions and comments are very welcome!
The current update notes for Version 6 RC1 are here:
V6-RC1-Notes
http://www.otrader.com.au/updates/RooUpdates.asp?Serial=Z1Z
There are still a lot of updates we will be making. Our next big set of challenges are the migration wizard for our older software users, and then the price updates. We also had some feedback from two Forex users that will require us to add a section for their needs. That will make it easier for them to navigate the system.
Happy Trading!
The Roo-Trader Team
www.roo-trader.com
www.otrader.com.au